{"id":238007,"date":"2024-01-30T03:18:46","date_gmt":"2024-01-29T21:48:46","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=238007"},"modified":"2024-01-30T03:18:46","modified_gmt":"2024-01-29T21:48:46","slug":"socialfi-app-farcasters-activity-spikes-after-launching-frames-feature-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/socialfi-app-farcasters-activity-spikes-after-launching-frames-feature-crypto-news\/","title":{"rendered":"SocialFi App Farcaster\u2019s Activity Spikes After Launching Frames Feature &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>The feature allows for embedding interactive posts, pushing Farcaster\u2019s daily active users past 10,000.<\/p>\n<div>\n<p>Activity on blockchain-based social media app Farcaster spiked over the weekend after the launch of its \u201cFrames\u201d feature.<\/p>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/what-is-optimism\">Optimism<\/a>-based platform registered more than 10,000 daily active users over the weekend, and has been on a consistent uptrend surpassing 73,000 total users, according to a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dune.com\/pixelhack\/farcaster\">Dune Analytics dashboard<\/a>.<\/p>\n<figure><figcaption class=\"text-center text-xs\">Farcaster DAU &#8211; Dune Analytics<\/figcaption><\/figure>\n<p>Driving activity is the protocol\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.spindl.xyz\/p\/why-farcaster-frames-are-important\">new Frames feature<\/a> which has become the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/ljxie\/status\/1751105913547604205?s=20\">talk<\/a> of the town <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/musicben_eth\/status\/1751980218045157718?s=20\">across<\/a> the crypto ecosystem.<\/p>\n<p><!--$!--><!--\/$--><\/p>\n<p>Frames allows developers to embed interactive \u201cexperiences\u201d in its posts, also known as Casts. Users can mint <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/what-are-nfts\">NFT\u2019s<\/a>, build casinos and games, or insert instant checkout links directly from their feeds without switching platforms.<\/p>\n<p>According to growth metrics platform, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.spindl.xyz\/p\/why-farcaster-frames-are-important\">Spindl<\/a>, 313 apps launched 526 Frames since the feature was made available on Friday. Reactions to users&#8217; casts are also spiking, according to data on Farcaster&#8217;s Dune dashboard.<\/p>\n<h2>SocialFi Trend<\/h2>\n<p>Farcaster has been taking full advantage of the SocialFi trend taking place across the crypto ecosystem. Last year, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/friend-tech-bounces-back-with-record-revenue\">Friend.tech<\/a> dominated user activity, and even Bitcoin took a stab at the action with its own version, dubbed Frens Protocol.<\/p>\n<p>The app currently only allows for U.S. numbers or users to pay for a fee to register. According to the protocol\u2019s co-founder, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/dwr\/status\/1751692445358698523\">Dan Romero<\/a>, there are 50K paying users as of Jan. 28.<\/p>\n<p>Launched in 2020 by Dan Romero and Varun Srinivasan, Farcaster is touted as a \u201csufficiently decentralized\u201d protocol. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.varunsrinivasan.com\/2022\/01\/11\/sufficient-decentralization-for-social-networks\">According to Srinivasan<\/a>, a social network reaches sufficient decentralization if it allows two users to connect and communicate, even if there is a third party trying to prevent it.<\/p>\n<p>The platform resembles Twitter, and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/dwr\/status\/1752017258048868511?s=20\">doesn\u2019t use<\/a> crypto for onboarding. In-app, however, crypto powers tipping and other payment options, along with a blockchain back-end.<\/p>\n<p><!--$--><\/p>\n<div class=\"relative flex items-center gap-2 rounded-md bg-[#191919] p-2 my-4 lg:hidden\">\n<div class=\"relative group  flex w-max items-center gap-2  p-2 text-sm text-white mx-auto\"><strong class=\"whitespace-nowrap w-min sm:w-auto bg-gradient-to-r from-[#9FF9D2] to-[#DB9FF9] bg-clip-text text-transparent\">DeFi Alpha<\/strong><span class=\"whitespace-nowrap  w-min sm:w-auto border-l border-white pl-1 lg:hidden\">Premium Content<\/span><\/p>\n<div class=\"tooltip font-heading shadow-cta absolute hidden lg:visible left-6 z-10 -top-[80px] w-max max-w-xs translate-y-full flex-col rounded-lg bg-[#EEEEF4] p-3 text-left text-xs text-black group-hover:flex lg:left-auto lg:right-4\">Looking for Alpha? Become a premium member of The Defiant and join our DeFi Alpha community.<\/p>\n<ul class=\"list-inside list-disc\">\n<li>DeFi Daily | Weekdays<\/li>\n<li>DeFi Alpha Letter | Weekly<\/li>\n<li>Defiant Podcast Transcript | Weekly<\/li>\n<li>Inbox Dump | Saturday<\/li>\n<li>Weekly Recap | Sunday<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/thedefiant.io\/go-premium#pricing\" class=\"disabled:bg-cta-disabled-background disabled:text-cta-disabled-text rounded font-semibold border-cta-primary-border bg-cta-primary-background text-cta-primary-text hover:border-cta-primary-border-hover hover:bg-cta-primary-background-hover ml-auto block p-2 text-center text-sm !text-black !no-underline shadow-newButton\">Start for free<\/a><\/div>\n<p><!--\/$--><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The feature allows for embedding interactive posts, pushing Farcaster\u2019s daily active users past 10,000. Activity on blockchain-based social media app Farcaster spiked over the weekend after the launch of its \u201cFrames\u201d feature. The Optimism-based platform registered more than 10,000 daily active users over the weekend, and has been on a consistent uptrend surpassing 73,000 total [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":238008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-238007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/238007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=238007"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/238007\/revisions"}],"predecessor-version":[{"id":238010,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/238007\/revisions\/238010"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/238008"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=238007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=238007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=238007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}